TRDA vs VXX: Correlation
How closely do Entrada Therapeutics, Inc. (TRDA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRDA and VXX?
Across a 3-year window, the weekly returns of TRDA and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.32). Stretching to 5 years gives -0.18, with an annualized covariance of -1341.4 %².
Out of 10 assets tracked against TRDA, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months TRDA outperformed by 77.7 percentage points (+28.0% for TRDA against -49.7% for VXX).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
TRDA vs VXX: side by side
| TRDA (Entrada Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.0% | -49.7% |
| 5-year return | -69.6% | -95.6% |
| Volatility (ann.) | 69.2% | 60.9% |
| Beta vs S&P 500 | 1.19 | -3.31 |
| Max drawdown (3Y) | -76.7% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRDA | VXX |
|---|---|---|
| 2022 | -21.0% | -23.8% |
| 2023 | +11.6% | -72.5% |
| 2024 | +14.6% | -26.2% |
| 2025 | -40.5% | -42.2% |
| 2026 | -29.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRDA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRDA and VXX?
The TRDA/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.06, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TRDA?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/trda-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trda-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRDA correlations · VXX correlations
